Beverage can makers in takeover talks

5th February 2015, Comments 0 comments

Rexam, the British maker of beverage cans, said Thursday it had been approached by US peer Ball Corporation regarding a possible takeover worth 4.3 billion pounds ($6.6 billion, 5.8 billion euros).

"The board of Rexam notes the recent media speculation and confirms that it is in discussions with Ball Corporation, which may or may not lead to a formal offer being made for Rexam," said a statement.

"The proposal values Rexam at 610 pence per each Rexam share based on a consideration of approximately two thirds in cash and one third in new Ball shares."

© 2015 AFP

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